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Ideko's Planned Debt Year 2005 2006 2007 2008 2009 2010 Outstanding Debt 100,000 100,000 100,000 115,000 120,000 120,000 If Ideko's loans will have an interest

Ideko's Planned Debt

Year 2005 2006 2007 2008 2009 2010

Outstanding Debt 100,000 100,000 100,000 115,000 120,000 120,000

If Ideko's loans will have an interest rate of 6.8%, then the interest expense paid in 2008 is closest to:

A. $7820

B. $7310

C. $6800

D. $7990

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